On April 29, Cointelegraph participated in a fireside chat consequence organized past the Webit Foundation. The panel, with the championship of "Can blockchain be a solution for the upcoming economic crisis," featured Roger Ver from Bitcoin.com as the primary speaker.

Similar all events during the Coronavirus pandemic, the panel was held virtually, with its participants dialing in via video briefing. The talk was hosted by Dr. Plamen Russev, executive chairman of Webit Foundation. The chat featured Roger Ver, Bitcoin.com'southward executive chairman, and Kristina Lucrezia Cornèr, managing editor at Cointelegraph, as a Q&A moderator.

Ver'south answers at the panel can be summarized as a deep belief in freedom and libertarian economics. He believes these ideals to be the answers to the crunch at hand. He also focused on censorship — an consequence that has regained relevance amid the Coronavirus pandemic.

Deflate, don't conscience

Ver was profoundly disturbed by the harsh censorship policy enacted by Youtube in response to the COVID-nineteen pandemic. He cited an example of 2 doctors who made statements going against the mainstream narrative backside the pandemic, and whose video was deleted a few days after it was published.

The policy is allegedly the culprit behind a new wave of bans to crypto content creators, which recently hitting high-contour influencers like Tone Vays and Crypto Lark.

Ver explained his view against censorship:

"I think the solution to people proverb crazy or wrong things is other people beingness able to rebut those things, not massive censorship."

When discussing censorship, Ver likewise threw several jabs confronting the Bitcoin community, and said that his biggest regret throughout the years was "not being even louder when speaking out against censorship in the cryptocurrency community."

This refers to 2022, when the moderators of the /r/Bitcoin Reddit forum began censoring whatever discussion relating to Bitcoin XT — a proposal for larger blocks in Bitcoin (BTC) that can be considered as the ideological ancestor to Bitcoin Cash (BCH).

Bitcoin is non useful for the future world

Ver holds a utilitarian view of the purpose of cryptocurrency, focusing heavily on its utilize every bit a censorship-resistant payment system. He emphasized that it is free merchandise that creates wealth in the globe, while the lockdowns destroy the ability to merchandise freely and thus, the economy. He also considers the multi-trillion dollar stimulus package to be theft of a similar nature to counterfeiting coin.

Cryptocurrency, as the freest grade of money, would be the best tool to escape the government's excessive control, according to Ver. But he also believes that it tin can only happen when cryptocurrency is used for payments, which is something that Bitcoin is no longer useful for, he claimed:

"The lamentable part nearly what everybody is calling Bitcoin today, information technology doesn't take those characteristics that made the early investors and adopters and then excited about it early on. Most of those people are now working on things similar Bitcoin Cash or Ethereum."

He claimed that most of its electric current supporters are either speculators betting on future speculation, or people who "still didn't figure out that the project is no longer trying to be greenbacks for the world."

You can check out the full panel by clicking on this link.